Private Education group ADvTECH posted a strong set of results for the year ended December 2023. The Group's schools and tertiary divisions benefitted from good enrolment growth, moderate fee increases and enhanced operating leverage.
The Group continues to grow its presence across the African continent.
ADvTECH is now in a position where the group is generating cash in excess of their investment funding requirements. Given the positive momentum the board has increased the dividend payout to shareholders.
Outgoing CEO Roy Douglas says incoming Group CEO Geoff Whyte inherits a solid business that is well poised to continue is growth trajectory in South Africa and Africa.